316 N Geneesee Street 304-318, Waukegan, IL 60085
Lake County
Key Facts
Description
The subject property is an eight-unit neighborhood retail center constructed in 1999, offering a diverse and stable tenant mix. Current tenants include China Garden restaurant, a tax service office, a staffing agency, two hair salons, and a retail shop(bakery). The property currently has one vacancy, which the owner is using for storage. All tenants are responsible for their own utilities, providing an efficient and low-maintenance expense structure for ownership. The center features a 21-space parking lot, offering convenient access for both tenants and customers. This property presents a compelling value-add opportunity, as all but one tenant is on year-by-year leases at below-market rental rates, allowing for future income growth through lease renewals and repositioning. Strategically located near the Lake County Courthouse and Sheriff's Office, and steps to Genesee Theatre and Metra. office buildings. The property benefits from strong daytime traffic and excellent accessibility, making it a highly convenient destination for both employees and residents.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1999
Stories
1
Living Area
8,400 sq ft
Lot Size
18,744 sq ft
Lot Dimensions
165x110
Zoning
RTAIL
Days on Market
7
MLS® Listing#
12692069
Property Features
Cooling
Financial Details
Annual Taxes
$22,702
Tax year 2025
Parcel Number
08212160130000
Directions
I-94 exit for I-120E, turn left onto S Sheriden Rd, turn left onto Grand Ave., turn right onto N Genesee St. to the address
Affordability Calculator
$149,800
Estimated monthly payment
$3,986/mo
Principal $599,200 · Est. interest $835,937 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Waukegan, IL
- $290,323
- Median Listing Price
- 26
- Median Days on Market
- 1,512
- Median Sq Ft
- $188
- Median Price / Sq Ft
- 44
- Active Listings
- This home’s price is 158% above the area median.
- Its price per sq ft is 52% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Waukegan, IL.
Location
Points of Interest in Waukegan, IL
Showing the Waukegan area map.
Nearby Schools
Most Blessed Trinity Academy
School · 0.2 mi away
North Elementary School
Elementary · 0.3 mi away
Lions Math & Science Christian Academy
School · 0.7 mi away
Andrew Cooke Magnet School
Elementary · 0.7 mi away
Waukegan High School
Secondary · 0.7 mi away
AOEC Stephens' Center
School · 0.8 mi away
Miguel Juarez Middle School
Secondary · 0.8 mi away
St Martin de Porres High School
Secondary · 0.9 mi away
Cristo Rey St Martin College Prep
School · 0.9 mi away
Waukegan Public Schools
School · 0.9 mi away
Glen Flora Elementary School
Elementary · 0.9 mi away
St. Anastasia Catholic School
Elementary · 0.9 mi away
Hyde Park Elementary School
Elementary · 1.0 mi away
Edith M Smith Middle School
Secondary · 1.1 mi away
Daniel Webster Middle School
School · 1.1 mi away
Carman-Buckner Elementary School
Elementary · 1.1 mi away
Whittier Elementary School
Elementary · 1.3 mi away
Waukegan Technical School
School · 1.4 mi away
Waukegan High School
Secondary · 1.6 mi away
Washington Elementary School
Elementary · 1.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1213 Grand Avenue, Waukegan, IL | $559,000 | — | — | — |
| 2614 Grand Avenue, Waukegan, IL | $599,000 | — | — | 4,000 |
| 2864 Washington Street, Waukegan, IL | $625,000 | — | — | 3,820 |
| 1465 N Green Bay Road, Waukegan, IL | $685,000 | — | — | — |
| 0 Brookside Avenue, Waukegan, IL | $700,000 | — | — | — |
| 3305 Delany Road, Waukegan, IL | $750,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Waukegan
Listing Courtesy: RE/MAX SAWA - 8773127292
Last Updated: 2026-07-01